$734,000
$749,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
1 SqFt
SOLD DATE : 10/10/2023
Key Details
Sold Price $734,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $734,000
Subdivision Zephyrhills Colony
MLS Listing ID T3465216
Sold Date 10/10/23
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1954
Annual Tax Amount $5,222
Lot Size 2.500 Acres
Acres 2.5
Property Description
INCOME PRODUCING PARK!!! Great location in charming Zephyrhills for this well established income producing park with single family homes and mobile homes. Two parcels with a total of 3 single family homes and 7 mobile homes on 2.5 acres are included in the sale. Beautiful piece of property with gorgeous trees, open space for recreation and activities, spacious lots and close to shopping, restaurants, schools and medical facilities in Zephyrhills. In addition to the 10 homes that are currently rented there are two garage/storage buildings, sheds and two campers. All homes are rented with long term tenants ranging from 1 year to 7 years. All homes except for 2 have their own electric meters. There are 2 wells that are connected and provide service to the park. Six of the homes have their own septic tank with the remaining 4 homes on one septic system. The park is grandfathered in and the homes can be replaced if the owner elects to do so. Rapidly growing area with rentals in high demand. This is a rare opportunity to purchase a nice, hard to find income producing park. The current rental income is below market average and can be increased if the new owner chooses to. The current owner is satisfied with the rental income because he has stable, long term tenants in the park. Addresses included in sale: 6831 Wire Rd, 6839 Wire Rd, 38408 Neflin Ave, 38414 Neflin, 38417 Neflin, 38421 Neflin, 38425 Neflin, 38431 Neflin, 38440 Neflin. Great net income producing property with much higher income potential.
Location
State FL
County Pasco
Community Zephyrhills Colony
Zoning AR
Interior
Interior Features Other
Heating Other, Wall Units / Window Unit
Cooling Other, Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Fence
Garage Spaces 3.0
Utilities Available Cable Available, Electricity Connected
Roof Type Other
Attached Garage false
Garage true
Private Pool No
Building
Foundation Crawlspace, Other
Lot Size Range 2 to less than 5
Sewer Septic Tank
Water Well
Structure Type Other
New Construction false
Construction Status Inspections
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with FUTURE HOME REALTY INC
10011 Pines Boulevard Suite #103, Pembroke Pines, FL, 33024, USA